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Using price discounts government officials receive when buying new housing units as a measure of corruption in China, we examine the effect of the anti-corruption campaign launched by the Xi Jinping administration in 2012. We find that the discounts decrease sharply after the campaign. On the...
Persistent link: https://www.econbiz.de/10012864634
Using a comprehensive dataset of housing transactions in Beijing, China, we find that government officials are more likely than non-officials to buy housing units before government-imposed housing purchase restriction policy. We find that officials use their power to speed up the loan...
Persistent link: https://www.econbiz.de/10012897421